updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Jane Street becoming a scapegoat for Bitcoin and crypto market crash is the highlight in the crypto weekly wrap from February 23-27. BTC, ETH, and XRP prices remained range-bound this week ahead of the monthly crypto options expiry and macro headwinds. Regulatory developments picked up pace this week, with traders becoming cautious amid headwinds such
The post Crypto Weekly Wrap: Jane Street Targeted After Terra Suit, Vitalik’s ETH Selloffs, Regulatory Progress Feb 23-27 appeared first on CoinGape.
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The price of Terra Classic (LUNC) has been under the spotlight as legal tensions surrounding its parent company, Terraform Labs, continue to unfold.
Investors are watching closely after news emerged that the administrator overseeing the wind-down of Terraform Labs has sued trading firm Jane Street.
The lawsuit alleges the trading firm used non-public information from Terraform insiders to profit ahead of the collapse of TerraUSD in May 2022.
This legal move adds a new layer of uncertainty for LUNC holders.
Many remember that the original Terra blockchain was rebranded as Terra Classic after the collapse, while a new Terra 2.0 network was launched.
LUNC now trades at around $0.00003509, down roughly 46% over the past year, with a circulating supply of approximately 5.47 trillion coins.
The lawsuit centres on allegations that Jane Street gained access to confidential data through back channels.
This allegedly allowed the firm to strategically withdraw significant amounts of UST from liquidity pools just minutes after Terraform executed internal moves.
The complaint claims these trades contributed to the broader collapse of the stablecoin and accelerated losses for Terraform’s creditors.
Jane Street has denied the allegations, calling the claims baseless and emphasising that the market turmoil was driven by internal mismanagement within Terraform.
Legal observers note that the case could have implications not only for the firms involved but also for market perception around LUNC and other related assets.
Despite its turbulent history, LUNC has shown some resilience.
The coin has been trading in a range of $0.0000343 to $0.00003516 over the past 24 hours, reflecting a small degree of stability.
Analysts like For-Exx Kripto note that the coin has remained inside a flag formation, though the pattern recently experienced a slight break.
This break could have signalled a sharp decline, yet LUNC did not fall dramatically.
This can be interpreted as a bullish signal in the short term, suggesting that a price attempt toward $0.00003925 could be on the horizon.
While the coin remains far from its historical highs, such technical patterns provide hints about potential upward momentum despite broader market challenges.
Trading volume has also been modest, with about $8.9 million changing hands in the last 24 hours.
Looking ahead, analysts project that LUNC could trade within a wide range in 2026.
The minimum expected level is around $0.0000242, while the maximum target could reach $0.000510 by the end of the year.
Key levels to watch include support near the $0.000024 mark, which may act as a floor in case of market weakness.
Resistance lies around $0.000510, representing a potential upside target for traders seeking gains.
Short-term moves toward $0.00003925 could also provide intermediate targets, especially if the market reacts positively to technical signals or news from ongoing legal developments.
The Terra (LUNA) cryptocurrency is making headlines again with 25% upside today and surging all the way to $0.24. Moreover, the daily trading volume has also surged by 116% to nearly $800 million. The rally comes just ahead of Do Kwon’s sentencing on Dec. 11, and the v2.18.0 upgrade.
Over the past week, Terra (LUNA) cryptocurrency has gained strong momentum, extending gains to 190% during this period. This comes after the v2.18.0 upgrade, with major exchanges like Binance and Bybit supporting the update.
Despite the broader crypto market downturn after yesterday’s Fed rate cut, LUNA managed to seize the upside with strong buying interest. Moreover, the latest interest in Terra Luna has also surged ahead of founder Do’Kwon’s sentencing over the $40 billion LUNA ecosystem crash in 2022.
Earlier in August 2025, Kwon pleaded guilty in the Manhattan federal court over the fraud allegations. As part of his plea agreement, South Korean national Do Kwon has committed to forfeiting more than $19 million.
Although federal guidelines indicate a potential sentence of roughly 25 years, prosecutors have requested a 12-year prison term. Kwon’s legal team has requested a sentence of no more than five years. In their filing, the lawyers contended that his actions were driven by hubris and desperation rather than greed
Some industry insiders believe that Do Kwon won’t get the 12+ years of prison term.
There’s a really interesting market right now, total prison time Do Kwon (Terra LUNA founder/responsible for the collapse).
Sentencing is on Dec 11th and prosecutors are asking for 12 years, citing multiple past crypto sentencings.
I don’t think he will get 12 years, here’s… pic.twitter.com/o6dGaMgWGm
— camol (@camolNFT) December 8, 2025
The latest pump in Terra (Luna) price comes after an extended period of heavy losses. The token, which had declined 99.88 percent during its drawdown, has recovered 286 percent over the past 21 days, rising from $0.06415 to approximately $0.23, reported analyst Crypto Patel.
$LUNA Finally Catching a breath After Brutal Red Days
From Bloodbath to Bounce:
-99.88% massacre (RIP portfolios)
Now +286% relief at $0.23 From $0.06415 within 21 Days
Major Downtrend line overhead
Major resistance at $0.30-0.38 ahead.
Potential bottom formation or… pic.twitter.com/K7XnQ48HUc
— Crypto Patel (@CryptoPatel) December 11, 2025
Despite the short-term relief rally, a major downtrend line remains in place, with significant resistance projected in the $0.30–$0.38 range. Patel noted that the LUNA price action in the coming sessions will help determine whether it is forming a sustainable bottom or seeing a temporary bounce.
Dubbed as Bitcoin’s Layer 2 solution, Bitcoin Hyper (HYPER) is close to raising $30 million in presale milestone. Built on Solana’s Virtual Machine, the project plans to bring smart contracts to the Bitcoin blockchain.
The project aims to address Bitcoin’s limited transaction speed and absence of native programmability. It also allows the working of new decentralized finance applications on the network, making it one of the best crypto presales in the market.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
